"Addressing this agency cost is at the heart of corporate governance today, and that’s why it’s critical that the SEC, as well as fund managers, focus more attention on fund and adviser voting duties and disclosure.” (7/11)
SEC_News Wed 17 Mar 2021 16:37

“Investors are demanding ESG investment strategies and opportunities, but funds may not always reflect those investor preferences in their voting." (6/11)
SEC_News Wed 17 Mar 2021 16:37

“The revenue generated by securities lending can lower costs when passed back to investors? but this should be carefully balanced against, and potentially moderated by, the value to shareholders in exercising oversight of boards and management in the companies they own.” (5/11)
SEC_News Wed 17 Mar 2021 16:37

“In addition to asking staff to prepare options for updating Form N-PX, in the short term, I have asked them to develop options for how the SEC can improve transparency using existing data sources, including the possible creation of a website to present this information.” (4/11)
SEC_News Wed 17 Mar 2021 16:37

"I am concerned that the Commission guidance issued in 2019 on the proxy voting responsibilities of investment advisers may have tilted this calculus against shareholder voting without sufficient data or analysis to support the wisdom of doing so.” (3/11)
SEC_News Wed 17 Mar 2021 16:37

“As much as deciding how to vote requires due diligence, deciding not to exercise voting rights requires equally careful consideration." (2/11)
SEC_News Wed 17 Mar 2021 16:37

Acting Chair Allison Herren Lee's remarks at today's Investment Company Institute’s 2021 Virtual Mutual Funds and Investment Management Conference: (1/11)
SEC_News Wed 17 Mar 2021 16:37

...to ensure that investment fiduciaries understand how to weigh competing concerns of all types in deciding whether and how to cast votes on behalf of their beneficiaries.” (9/10)
SEC_News Mon 15 Mar 2021 17:45

“I asked staff to consider recommendations for enhancing, supplementing, or replacing the 2019 guidance on proxy voting (8/10)
SEC_News Mon 15 Mar 2021 17:45

“I asked staff to consider whether to recommend that the Commission re-open the comment file on the 2016 universal proxy rule proposal to take into account market developments since then and move towards finalization.” (7/10)
SEC_News Mon 15 Mar 2021 17:45

This could also involve reaffirming that proposals cannot be excluded if they concern socially significant issues, such as climate change, just because they may include components that could otherwise be viewed as “ordinary business.” (6/10)
SEC_News Mon 15 Mar 2021 17:45

... to bring greater clarity to the process and increase the number of proposals that are well-designed for shareholder deliberation and votes. (5/10)
SEC_News Mon 15 Mar 2021 17:45

“I asked staff to develop proposals for revising Commission or staff guidance on the 14a-8 shareholder proposal no-action process, and potentially revisions to Rule 14a-8 itself ? (4/10)
SEC_News Mon 15 Mar 2021 17:45

“Today, I issued a statement requesting public comment on climate disclosure to address important questions for the SEC.” (3/10)
SEC_News Mon 15 Mar 2021 17:45

“At the SEC, we are taking a holistic look at all of the ways climate and ESG intersect with our regulatory framework, and moving ahead with efforts across our offices and divisions to account for that.” (2/10)
SEC_News Mon 15 Mar 2021 17:45

Acting Chair Allison Herren Lee at Center for American Progress's Meeting Investor Demand for Environmental, Social and Governance Information: (1/10)
SEC_News Mon 15 Mar 2021 17:45

Acting Chair Allison Herren Lee at Center for American Progress's Meeting Investor Demand for Environmental, Social and Governance Information: (1/9)
SEC_News Mon 15 Mar 2021 17:35

RT @FortWorth_SEC: It’s #SunshineWeek, when we recognize how the Freedom of Information Act (FOIA) brings transparency to the federal govt.…
SEC_News Mon 15 Mar 2021 14:30

“Many investors and commentators significantly misunderstand SPACs and their costs, particularly the role of warrants and redemptions in increasing SPAC costs, (1/2)
SEC_News Thu 11 Mar 2021 18:46

“As the volume of SPACs transactions reaches unprecedented levels, staff is taking a close look at the structural and disclosure issues surrounding these business combinations.” #SECIACmeeting (2/2)
SEC_News Thu 11 Mar 2021 18:41

Acting Chair Allison Herren Lee at today's IAC meeting: “We’re seeing more evidence on the risk side of the SPACs equation as we see studies showing that their performance for most investors doesn’t match the hype.” #SECIACmeeting (1/2)
SEC_News Thu 11 Mar 2021 18:41

“Cash-outs threaten retirement security: 55% of people changing jobs with small account balances cash out. Low income and minority workers are disproportionately affected. (1/2)
SEC_News Thu 11 Mar 2021 16:36

RT @SEC_Investor_Ed: It’s never a good idea to invest in a SPAC just because someone famous is involved. Our new Investor Alert breaks down…
SEC_News Wed 10 Mar 2021 17:00

In this unprecedented time, the Division is committed to continuing to adapt examination processes and find innovative ways to enhance the effectiveness of examinations and our risk-based approach. (2/3)
SEC_News Wed 03 Mar 2021 20:02

Division of Examinations Director Pete Driscoll: Our priorities reflect the complicated, diverse, and evolving nature of the risks to investors and the markets, including climate and ESG. (1/3)
SEC_News Wed 03 Mar 2021 20:02